Meslows Hierarchy
Chapter 1 INTRODUCTIONS
Introductions:
Beximco Pharmaceuticals Ltd. (BPL) has been the leader in Bangladesh Pharmaceutical Market since its inception in 1979. Over the last decade BPL actually rose to a new standard–moving beyond manufacturing quality medicines to win mindshare of patients, physicians, shareholders, business partners, and communities where they work and live. BPL is the pioneer in introducing medical service activities: publishing a full-fledged medical newsletter regularly, conducting clinical seminars and symposiums to have better understanding of various diseases and their management. Today BPL is ready to face the challenge of scarce sourcing of Active Pharmaceutical Ingredients (API) in the post-WTO era, with its advanced API manufacturing capability.
BPL is one of the first companies to have an extensively computerized and automated working environment connecting every corner of the country to the centre. Apart from building a healthy working environment and ensuring employee empowerment, BPL proposes a number of benefits to keep them motivated. Management staffs enjoy health insurance for self, spouse and two children up to 21 years for hospitalization only. Delta Life Insurance provides the insurance and the company pays the premium. Besides, indirect financial and non financial payments employees receive for continuing their employment with the company.
Background of the report
Compensation Management course is designed to be familiar with the designing and administrating of a compensation system that rewards employees fairly while stimulating them to provide goods and services that satisfy customer demands and permitting the organization to operate profitably. Therefore, by preparing this report we actually identify the important role played by compensation management in a modern organizations and concentrates on how organizations design and administer it’s base pay programs for most employees. Besides, how does
Introductions:
Beximco Pharmaceuticals Ltd. (BPL) has been the leader in Bangladesh Pharmaceutical Market since its inception in 1979. Over the last decade BPL actually rose to a new standard–moving beyond manufacturing quality medicines to win mindshare of patients, physicians, shareholders, business partners, and communities where they work and live. BPL is the pioneer in introducing medical service activities: publishing a full-fledged medical newsletter regularly, conducting clinical seminars and symposiums to have better understanding of various diseases and their management. Today BPL is ready to face the challenge of scarce sourcing of Active Pharmaceutical Ingredients (API) in the post-WTO era, with its advanced API manufacturing capability.
BPL is one of the first companies to have an extensively computerized and automated working environment connecting every corner of the country to the centre. Apart from building a healthy working environment and ensuring employee empowerment, BPL proposes a number of benefits to keep them motivated. Management staffs enjoy health insurance for self, spouse and two children up to 21 years for hospitalization only. Delta Life Insurance provides the insurance and the company pays the premium. Besides, indirect financial and non financial payments employees receive for continuing their employment with the company.
Background of the report
Compensation Management course is designed to be familiar with the designing and administrating of a compensation system that rewards employees fairly while stimulating them to provide goods and services that satisfy customer demands and permitting the organization to operate profitably. Therefore, by preparing this report we actually identify the important role played by compensation management in a modern organizations and concentrates on how organizations design and administer it’s base pay programs for most employees. Besides, how does
References: Book: Henderson, I 2012, Compensation Management in a Knowledge Based World, 10th edition, Dorling Kindersley, India. Websites: Beximco Pharma,2012, Annual Report Beximco Pharma, Beximco Pharma,viewed 16th December 2012,<www.beximco-pharma.com › Investor Relations › Financial Reports>. Scribd,2012,Human Resource Practice in BEXIMCO-Pharmaceuticals Ltd., scribd, viewed 22nd November 2012,<http://www.scribd.com/doc/24939974/Hrm-practice-in-BEXIMCO-Pharmacuticals-Ltd>.